Vientiane eyes 12.6 percent growth this year
Vientiane eyes 12.6 percent growth this year
Vientiane is on track for economic growth of 12.6 percent this fiscal year, with per capita GDP projected to reach US$3,300, higher than anywhere else in the country.
To achieve this goal, the Vientiane Party Committee and authorities at all levels need to successfully operate all state investment projects that are approved this year, in line with the State Investment Law.
To address government debt in regards to state investment projects, the city authorities will undertake an audit of any monies owing before repaying the debts and examine other measures to reduce the debt burden.
A longside that, they have to source funds from international organisations and friendly countries and enhance the capacity of officials in departments and districts so they carry out their work efficientl y.
In terms of the budget bottom line, the authorities will attempt to stay within budget and step up coordination with various sectors to decentralise revenue collection by ensuring that all departments collect money wherever they can.
In addition, they must explain the customs and tax laws to business units to ensure they abide by the regulations and uphold their obligations to the government.
They will be encouraged to follow the directives of the Party and state to attract more domestic and overseas private investment so that Vientiane can continue to expand and develop.
vientiane times
